Bitcoin Forum
December 06, 2016, 10:17:51 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 [20] 21 22 23 24 25 26 »
  Print  
Author Topic: Bets of Bitcoin - Bitcoin betting on real world events  (Read 57524 times)
mrb
Legendary
*
Offline Offline

Activity: 1120


View Profile WWW
April 26, 2013, 05:07:47 PM
 #381

Editor's note: BFL claimed shipping on 4/22.

I saw that. It does not explain why betting was closed.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481019471
Hero Member
*
Offline Offline

Posts: 1481019471

View Profile Personal Message (Offline)

Ignore
1481019471
Reply with quote  #2

1481019471
Report to moderator
Stephen Gornick
Legendary
*
Offline Offline

Activity: 1988



View Profile
April 29, 2013, 08:48:37 PM
 #382

Editor's note: BFL claimed shipping on 4/22.

I saw that. It does not explain why betting was closed.

Probably made the assumption that the device shipped met the criteria, and thus the outcome known at this point.  I'm presuming what shipped doesn't meet the criteria thus the bet should remain open (as there could be yet another product shipped before the deadline that does meet the criteria).

sippsnapp
Sr. Member
****
Offline Offline

Activity: 322


View Profile
May 04, 2013, 05:19:01 AM
 #383

How are winners determined?
There is a bet "waiting" since 1st may.

Πάντα ῥεῖ
Bitcoin + Altcoin node pool setup - pm
mrb
Legendary
*
Offline Offline

Activity: 1120


View Profile WWW
May 04, 2013, 06:03:39 AM
 #384

Probably made the assumption that the device shipped met the criteria, and thus the outcome known at this point.  I'm presuming what shipped doesn't meet the criteria thus the bet should remain open (as there could be et another product shipped before the deadline that does meet the criteria).

Exactly. The bet should have remained open. coinjedi, any answer on that?
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
May 04, 2013, 04:59:07 PM
 #385

Probably made the assumption that the device shipped met the criteria, and thus the outcome known at this point.  I'm presuming what shipped doesn't meet the criteria thus the bet should remain open (as there could be et another product shipped before the deadline that does meet the criteria).

Exactly. The bet should have remained open. coinjedi, any answer on that?

A good question.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
coinjedi
Full Member
***
Offline Offline

Activity: 184



View Profile WWW
May 05, 2013, 07:03:52 PM
 #386

Probably made the assumption that the device shipped met the criteria, and thus the outcome known at this point.  I'm presuming what shipped doesn't meet the criteria thus the bet should remain open (as there could be et another product shipped before the deadline that does meet the criteria).

Exactly. The bet should have remained open. coinjedi, any answer on that?

We do not always close bets when the outcome is absolutely certain. For example we close a bet on a product shipping date, when the company announces an official shipping date, but we do not payout until they actually do. We judged that in this case starting of the initial batch releases significant enough information for the purposes of closing the bets. Initial reports tell that the performance does not meet the criteria, so we will wait until the announced event date in case they ship another product.

If you are the submitter and think that our decision is unreasonable, please contact in private and we will reimburse your submission fee. If you would like to continue betting on this event please submit a new statement so that the betting can continue under the new conditions.

Bets of Bitcoin
http://betsofbitco.in/
420
Hero Member
*****
Offline Offline

Activity: 742



View Profile
May 10, 2013, 12:11:54 AM
 #387

Back to the site's basic service

why are withdrawls disabled?

"Your request can not be completed at this time. We are working hard to fix it. Please, try again later.
Your Bitcoins and data are safe and backed up regularly."

been doing that for days

Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
mrb
Legendary
*
Offline Offline

Activity: 1120


View Profile WWW
May 10, 2013, 12:25:09 AM
 #388

Probably made the assumption that the device shipped met the criteria, and thus the outcome known at this point.  I'm presuming what shipped doesn't meet the criteria thus the bet should remain open (as there could be et another product shipped before the deadline that does meet the criteria).

Exactly. The bet should have remained open. coinjedi, any answer on that?

We do not always close bets when the outcome is absolutely certain. For example we close a bet on a product shipping date, when the company announces an official shipping date, but we do not payout until they actually do. We judged that in this case starting of the initial batch releases significant enough information for the purposes of closing the bets. Initial reports tell that the performance does not meet the criteria, so we will wait until the announced event date in case they ship another product.

If you are the submitter and think that our decision is unreasonable, please contact in private and we will reimburse your submission fee. If you would like to continue betting on this event please submit a new statement so that the betting can continue under the new conditions.

What you missed is that the outcome of the BFL bet is not certain. They seem to be merely 46% off the bet's 350 Mh/J limit (239 Mhash/J at 12V == 191 Mhash/J at the wall) and they are currently working on redesigning the power supply circuitry to make it more efficient...

The fact that the amounts bet on each side did not vary much in the last weeks before you closed it proves my point: bettors were not certain which side was going to win.

Beside, even if the outcome was certain, why are you closing it anyway? Why not let people bet on the side that is "so certain" to win?

I am upset you closed the bet  Angry
coinjedi
Full Member
***
Offline Offline

Activity: 184



View Profile WWW
May 13, 2013, 03:06:11 AM
 #389

Back to the site's basic service

why are withdrawls disabled?

"Your request can not be completed at this time. We are working hard to fix it. Please, try again later.
Your Bitcoins and data are safe and backed up regularly."

been doing that for days

Withdrawals are not disabled. We'll check our logs. If the problem persists can you PM me your OS and browser. Thanks for letting us know. Also I can generate a withdrawal for you right away if you want.

Bets of Bitcoin
http://betsofbitco.in/
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
May 13, 2013, 12:02:03 PM
 #390

The fact that the amounts bet on each side did not vary much in the last weeks before you closed it proves my point: bettors were not certain which side was going to win.

Alternatively it could just be showing that nobody is using the site. Which seems a much saner explanation.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
rlh
Hero Member
*****
Offline Offline

Activity: 775


View Profile
May 13, 2013, 06:21:06 PM
 #391

MinCoin will reach .05 BTC by June 1?

Crazy?  Maybe so. However, I have .10 riding that it will see a huge spike, especially once BTC-e and Vircurex add Mincoins.

A Personal Quote on BTT from 2011:
"I'd be willing to make a moderate "investment" if the value of the BTC went below $2.00.  Otherwise I'll just have to live with my 5 BTC and be happy. :/"  ...sigh.  If only I knew.
wonko
Full Member
***
Offline Offline

Activity: 143


View Profile
May 22, 2013, 06:52:03 PM
 #392

Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?
rlh
Hero Member
*****
Offline Offline

Activity: 775


View Profile
May 22, 2013, 07:23:11 PM
 #393

Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

A lot of people have.  It's been around a while.

A Personal Quote on BTT from 2011:
"I'd be willing to make a moderate "investment" if the value of the BTC went below $2.00.  Otherwise I'll just have to live with my 5 BTC and be happy. :/"  ...sigh.  If only I knew.
giszmo
Legendary
*
Offline Offline

Activity: 1568


¡ɥɔʇɐʍ ʇsnɾ &#7


View Profile WWW
May 23, 2013, 02:22:01 AM
 #394

Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

A lot of people have.  It's been around a while.
yes, absolutely.

420
Hero Member
*****
Offline Offline

Activity: 742



View Profile
May 23, 2013, 10:33:53 PM
 #395

Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

dozens

Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
May 24, 2013, 10:54:23 AM
 #396

Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

A lot of people have.  It's been around a while.

Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

A lot of people have.  It's been around a while.
yes, absolutely.

Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

dozens

No, actually, it's a well known scamsite.

See here.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
rlh
Hero Member
*****
Offline Offline

Activity: 775


View Profile
May 24, 2013, 02:46:45 PM
 #397

Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

A lot of people have.  It's been around a while.

Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

A lot of people have.  It's been around a while.
yes, absolutely.

Just started using this site, it looks pretty cool! Has anyone here had succesful bets placed, completed, and been paid?

dozens

No, actually, it's a well known scamsite.

See here.

Interesting...

Yes, I had a bet placed on that statement and I would have one if the vote was "didn't ship".  I didn't see the discussion on this forum, but I kind of felt the call was valid.

Had the admin made the call to say "It didn't ship" everyone who voted against it would have been up in arms.

I think the take-away isn't to consider Betsofbitcoin a scam, but to be careful when you bet.  If the statement isn't clear, and EASILY verifiable, don't bet.

At least, that's what I learned from that experience.

A Personal Quote on BTT from 2011:
"I'd be willing to make a moderate "investment" if the value of the BTC went below $2.00.  Otherwise I'll just have to live with my 5 BTC and be happy. :/"  ...sigh.  If only I knew.
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
May 24, 2013, 07:48:41 PM
 #398

Had the admin made the call to say "It didn't ship" everyone who voted against it would have been up in arms.

I think you might be a little confused. Who's up in arms is immaterial, who's in the right is the only thing that matters. Reality isn't the result of voting, scams are the result of voting.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
dacoinminster
Legendary
*
Offline Offline

Activity: 1106


Rational Exuberance


View Profile WWW
May 25, 2013, 12:18:29 AM
 #399

Please close this bet:
http://betsofbitco.in/item?id=1205

The decision happened. Gay scouts are allowed, but gay scout leaders are not allowed, so statement evaluates to false.
http://news.yahoo.com/boy-scouts-allow-gay-scouts-leave-ban-gay-001631810.html

Thanks!

memvola
Hero Member
*****
Offline Offline

Activity: 896


View Profile
May 26, 2013, 09:25:02 PM
 #400

Had the admin made the call to say "It didn't ship" everyone who voted against it would have been up in arms.

I think you might be a little confused. Who's up in arms is immaterial, who's in the right is the only thing that matters. Reality isn't the result of voting, scams are the result of voting.

I had been using betsofbitco.in for almost two years without an issue, before that decision made me stop using the site altogether.

I wouldn't call it a scam though, just misjudgement under pressure.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 [20] 21 22 23 24 25 26 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!